Bank of America returns to market with perpetual notes after $8B raise
FROM THE WIRE · FINANCE.YAHOO.COM
(Bloomberg) -- Bank of America Corp. has kicked off its second investment-grade bond sale in days, offering perpetual notes following last week's $8 billion capital raising. Most Read from Bloomberg World's Largest Retirement Community Set to Borrow $180 Million Zelenskyy Says…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA new hybrid capital issue from a major bank, with expected yields that can influence bank credit pricing.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Bank of America has launched its second investment-grade bond sale in days.
- 02The notes would be first callable in five years.
- 03Initial price talk involves a yield of 7.5% to 7.625%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Bank of America Corporation51.07 USD-0.20%today +1.35%Neutral Bank of America Corporation1,172.08 USD+0.18%today +0.27%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets